Market

Asian Markets Dip as AI Sell-Off Impacts Wall Street, Trump Announces Tariffs

Market Overview

Following a significant sell-off in artificial intelligence (AI) stocks on Wall Street, major stock indexes in the Asia-Pacific region experienced a downturn. This was exacerbated by the announcement from United States President Donald Trump regarding new tariffs on foreign production of computer chips, semiconductors, and pharmaceuticals.

Market Closures

It's important to note that markets in Australia, South Korea, and China were closed for holidays, potentially impacting regional market dynamics.

Index Performance

Hong Kong's Hang Seng index saw a slight decrease of 0.11%, while Japan's Nikkei 225 dropped by 0.57%. Meanwhile, the dollar strengthened against the yen, trading 0.62% higher.